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Tag: investing

Speculators Not The Only One With The Gold Bug

February 21, 2019 Published by

Gold prices rose more than $20 and hit a 10-month highs yesterday.  Some are saying the catalyst was the World Trade Organization’s quarterly outlook indicator, a composite of seven drivers of trade, reported a reading of 96.3 (a reading below 100 signals below-trend growth in trade).

On the news price breached the daily supply at $1330.

Speculators aren’t the only ones making money/hoarding gold in fear of turbulent times ahead.  The central banks are also buying gold.

For some time, global central banks have also been hoarding gold. As a matter of fact, they are one of the world’s largest gold investors,

Is Dr. Copper About To Breakout???

February 20, 2019 Published by

The term Doctor Copper is market lingo for the copper’s ability to predict turning points in the global economy. Copper has many uses…from homes, electronics and transmission, etc., its used as a leading indicator of the economic. Rising copper prices imply demand or a growing global economy and declining copper prices imply lack of demand or a slowing global economy.

I read an article this past weekend talking about what I prefer to as the supply and demand equation for copper.

The global copper market is expected to witness an undersupply scenario ahead as the pace of new mine supply is expected

Trybe TV – Bitcoin and EOS Analysis: CAN THE BULLS KEEP RUNNING?

February 19, 2019 Published by

Bitcoin broke above key resistance at $3,800. It’s now eyeing a very strong resistance zone between $4,000 and $4,120 (Coinbase). Daily volume remains strong at $9.9 Billion. This is the highest we’ve seen since May of 2018. EOS easily took out the $3.00 resistance and is now eyeing $4.00. It started creating higher highs, all…
Read on Trybe

Forex Price Action Baby, No Technicals or Fundamentals…Trade #5 – Sold GBP/USD (2/19/19)

February 19, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

I’m not in love with the set-up 100% because it’s in the middle of the range.

But what I love about the set-up was the strong move price made to the supply zone. In addition, price has moved over 150 pips. Potentially the buyers are exhausted and or taking profits and the sellers are stepping in with room for price to fall to the origin of the strong move.

This post is my personal opinion. I’m not a financial
advisor, this isn’t financial advise. Do your own research before making
investment decisions.

More Downside Risk For The Singapore Dollar

February 19, 2019 Published by

Singapore’s trade sector began 2019 on a whimper with non-oil domestic exports (Nodx) for January sliding a worse-than-expected 10.1%per cent from a year ago .

This was the biggest contraction in over two years since exports slumped 12 per cent in October 2016.  Analysts polled by Bloomberg were expecting a 3.5 per cent decline, given the high base effect of January 2018 when exports rose 13 per cent.

The drop in January 2019 was also the third straight month of decline after a 8.5 per cent year-on-year fall in December last year and 2.8 per cent decrease in November,  Enterprise Singapore figures released on Monday (Feb 18) show.

Source

Lets

Bitcoin: More Price Changes, The More It Stays the Same

February 19, 2019 Published by

It is always nice to see an uptick in the crypto market.  Bitcoin had a nice day yesterday and is slightly higher today.  However, has price action changed at all?
More Price Changes, The More it Stays the Same
When you look at the bitcoin daily chart you see we are still firmly in the trading range of the last couple months.
Price needs to establish above 4,200 before we can see any true change in the current trading theme.
If that were to happen then we have upside all the way too 5,500 as evidence in the prior consolidation before the big drop

Unusual Options Activity In Uxin Limited

February 19, 2019 Published by

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions. The company facilitates used car transaction services and financing solutions offered by third-party financing partners to buyers for their used car purchases.

Source

Uxin has been in a steady decline ever since December as news coming out of China pointed to their economy decelerating.  The decline continued in to

Trybe TV – Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

February 18, 2019 Published by

Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume. Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650. The daily chart also…
Read on Trybe

Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME

February 18, 2019 Published by

Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume.

Looking at the daily MACD, we’re seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650.

The daily chart also shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs…at least temporarily.

In today’s video analysis I go a little more in-depth. I discuss market psychology, where price may go

Will The S&P 500 Make All-Time New Highs In 2019??? – Part 2

February 18, 2019 Published by

About one month ago I wrote a post titled,

Will The S&P 500 Make All-Time New Highs In 2019???

Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.

“I’m still sticking with 3100 and feel better about it,” said Yardeni, who noted valuation multiples, low interest rates and inflation is setting Wall Street up for a very good year.

In order for Ed to be right, price has to get pass the daily supply zones in white and

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